Global Underwater Concrete Market
The GMI Research foresees an expansion in the Underwater Concrete Market over the forecast period. This is because of the accelerating urban population and increase in undergoing underwater metro projects.
Underwater Concrete Market Dynamics
The improvement in water construction quality across emerging nations and the accelerating number of underwater metro projects are the prominent drivers stimulating the growth of the Global Underwater Concrete Market. Also, underwater metro or tunnel proffers enormous advantages over other modes of transportation, such as less transportation cost and low environment pollution. Further, rapid urbanizations and industrialisation, primarily in emerging nations, such as China and India has caused traffic in cities which demands more transportation services. For instance, India’s first underwater metro project in Kolkata is almost completed. It is projected that the metro can bear over 850,000 people each day, which covering approximately 17% of Kolkata’s population. Furthermore, underwater concrete is needed for such constructions as it rectifies suddenly to evade tidal washout, possess anti-wash properties, and improves solidarity underwater. Thus, the surging underwater metro projects in emerging countries will compel the Underwater Concrete Market Size.
Raw Materials Segment Drivers
The market on the basis of raw material can be divided into admixtures, concrete, and others. The admixture segment is projected to increase at a higher rate over the forecast period. It is more effective to improve the coherence of concrete and cannot be washout by water. It is mostly used across huge repairing and placement applications, which further drives the market growth.
Regional Drivers
The North America region is envisaged to bolster at a higher rate during the forecast period. This is because of the excessive usage of underwater concrete in the establishment of hydropower plants in countries, which include US and Canada. Furthermore, the Asia-Pacific region will witness a robust growth over the coming years due to rapid industrialization and urbanization in developing nations.
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